Printer Friendly

MAXUS ENERGY ANNOUNCES PUBLIC OFFERING

 MAXUS ENERGY ANNOUNCES PUBLIC OFFERING
 DALLAS, June 3 /PRNewswire/ -- Maxus Energy Corporation (NYSE: MXS)


announced today the public offering of 20 million shares of common stock at $6 per share in simultaneous United States and international offerings. The First Boston Corporation, Lehman Brothers and Merrill Lynch & Co. are the managers of the U.S. syndicate offering of 16 million shares and Credit Suisse First Boston Limited, Lehman Brothers International and Merrill Lynch International Limited are the lead managers of the international offering of 4 million shares. The company has granted the underwriters and managers an option to purchase up to an additional 2 million shares to cover over-allotments, if any.
 Net proceeds to the company from the sale of shares will be used for general corporate purposes, including debt repayment and the company's oil and gas projects.
 The company is one of the largest independent oil and gas exploration and production companies in the United States, with ongoing international activity in Indonesia and 13 other countries, and domestic activity primarily in the Mid-Continent and Gulf Coast regions of the United States.
 -0- 6/2/92
 /CONTACT: Joseph D. Fashano, vice president of First Boston, 212 909-2107/
 (MXS) CO: Maxus Energy Corporation ST: Texas IN: OIL SU: OFR


SB -- NY011 -- 6497 06/03/92 08:59 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 3, 1992
Words:216
Previous Article:WORLD AIRWAYS REPORTS RECORD AIRCRAFT UTILIZATION
Next Article:DYNATRONICS ANNOUNCES MAJOR NEW PRODUCT; THE DYNATRON 400
Topics:


Related Articles
MAXUS ENERGY ANNOUNCES SUCCESSFUL EXPLORATORY WELL ON MAIN PASS 181
MAXUS ENERGY SIGNS EXPLORATION AND PRODUCTION CONTRACT IN LLANOS BASIN OF COLOMBIA FOR TIERRA NEGRA BLOCK
MAXUS ENERGY FILES SHELF REGISTRATION FOR $350 MILLION OF DEBT SECURITIES
MAXUS ANNOUNCES DISCOVERY ON WEST CAMERON 142, DELINEATION WELL ON HIGH ISLAND A-376
MAXUS ENERGY DECLARES COMMERCIALITY IN BOLIVIA
MAXUS ENERGY ANNOUNCES TEST RESULTS OF VOLCANERA-1 WELL IN COLOMBIA
MAXUS ENERGY ANNOUNCES PREFERRED STOCK TRANSACTION
MAXUS ENERGY ANNOUNCES DEBT OFFERING
MAXUS ENERGY CORPORATION DECLARES DIVIDENDS
Maxus Energy Accepts Tendered Notes for Payment

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters